Cigniti Technologies acquires Gallop Solutions

Hyderabad, India, May 30, 2013: Cigniti Technologies Limited, India’s software testing services company announced, the acquisition of Gallop Solutions Inc, a US based specialized software testing services company. The combined entity is poised to become the world’s third largest independent software testing services company with revenues of $40 Million and more than 800 people worldwide. Cigniti Technologies is one of the fast growing IT services companies in this space and aims to become the world leader in software testing in the next few years through a combination of organic and inorganic growth.

Gallop specializes in building and implementing niche solutions in the Application Lifecycle Management (ALM) space with a special focus on Quality, Test Automation and Test Asset Modernization. Founded in 2009 by Manohar Reddy and Mahendra Alladi, Gallop Solutions is based in Irving, Texas in the US with an offshore technology center at Hyderabad, India. Gallop employs more than 200 people worldwide with 2012 revenues over $9.5 Million.

Sriram Rajaram, President Strategy and Corporate Development, said, “Gallop Solutions is a great cultural fit for us and they have a fantastic team. This merger will add value to everyone concerned including shareholders, clients and employees. The combined revenues will take Cigniti past the $40 Million run rate and make us the world’s third largest independent testing services company. This will help our mission of becoming the world’s largest independent testing services company in the next few years. IP led testing is going to be key driver of growth in the future and Gallop’s experience in delivering testing solutions around proprietary IP led products such as WinQuick and RoboQuick will add a lot of value to our clients and complement Cigniti’s SMART Tools.“

Manohar Reddy, CEO of Gallop Solutions, said, “We are excited to be part of Cigniti which is recognized as a premier independent testing services company. Joining forces with a like-minded company in this domain should help us achieve our vision of becoming the world leader in software testing. Customers can expect the same level of drive and focus from the combined entity with further optimization in service delivery.”

Mahendra Alladi, Vice President of Technology and Professional Services at Gallop, said, “Gallop’s IP led testing capabilities can reach a wider client base with the help of Cigniti’s investments in sales and marketing. Our testing tools expertise and solution driven approach perfectly complements Cigniti in maintaining the differentiation in testing services space.”